PUBLISHER: The Business Research Company | PRODUCT CODE: 1716959
PUBLISHER: The Business Research Company | PRODUCT CODE: 1716959
A dynamic balancing system is a mechanism or process designed to maintain equilibrium and stability in systems that experience constant changes or varying forces. These systems are crucial in fields such as engineering, robotics, and technology where maintaining stability under dynamic conditions is essential.
The main types of dynamic balancing systems are manual and automatic balancing machines. A manual balancing machine requires human intervention to operate, allowing users to balance rotors by adjusting weights based on measurements taken during the balancing process. These machines are used in industries such as heavy industry, automotive, aviation, and home appliances, and are utilized by various end users, including original equipment manufacturers and aftermarket providers.
The dynamic balancing system market research report is one of a series of new reports from The Business Research Company that provides dynamic balancing system market statistics, including dynamic balancing system industry global market size, regional shares, competitors with a dynamic balancing system market share, detailed dynamic balancing system market segments, market trends and opportunities, and any further data you may need to thrive in the dynamic balancing system industry. This dynamic balancing system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dynamic balancing system market size has grown steadily in recent years. It will grow from $1.14 billion in 2024 to $1.19 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to growth in automotive production, increasing investments in automotive research and development, rise in adoption of electric vehicles, rise in awareness about vehicle performance and safety, and growth in the number of automotive repair centers.
The dynamic balancing system market size is expected to see steady growth in the next few years. It will grow to $1.38 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to increasing demand for precision machinery, rising global industrialization, growing emphasis on reducing maintenance costs, rising number of infrastructure projects, and rising need for enhanced manufacturing efficiency. Major trends in the forecast period include technological advancements, integration with advanced driver-assistance systems, sensor technology, connected vehicle technologies, and vehicle diagnostic systems.
The growing popularity of electric vehicles (EVs) is expected to drive the expansion of the dynamic balancing system market. EVs are vehicles powered by one or more electric motors, using electricity stored in rechargeable batteries as their main energy source. This rising popularity is attributed to advancements in battery technology, increasing environmental concerns, government incentives, and the push for sustainable transportation solutions. Dynamic balancing systems are utilized in electric vehicles to ensure smooth and efficient operation by reducing vibrations and noise, thereby improving vehicle performance and extending the lifespan of key components such as motors and rotors. For example, in April 2023, the International Energy Agency, a France-based intergovernmental organization, reported significant growth in the electric car market, with sales exceeding 10 million units in 2022. Additionally, EVs made up 14% of all new car sales, compared to approximately 9% in 2021. Thus, the growing popularity of electric vehicles is fueling the growth of the dynamic balancing system market.
Leading companies in the dynamic balancing system market are focusing on developing advanced solutions, such as automated balancing machines, to gain a competitive edge. Automated balancing machines are specialized devices designed to automatically detect and correct imbalances in rotating parts. These systems integrate sensors, data processing, and mechanical adjustments to ensure precise and efficient balancing of rotating components without manual intervention. For example, in 2022, SCHENCK, a Germany-based engineering company, introduced the EcoBal series of fully automated balancing machines. These machines feature advanced sensor technology for real-time vibration analysis, integrated software for seamless data management, and a user-friendly interface for simplified operation. These innovations reduce the need for manual intervention and improve balancing accuracy, addressing the increasing demand for automated solutions in the automotive and aerospace industries. Such advancements enhance operational efficiency, reduce downtime, and boost productivity, giving companies a strong position in the competitive market.
In September 2023, Hillenbrand, a goods and machinery company based in the United States, acquired Schenck Process for an undisclosed sum. This integration aims to enhance product offerings in the advanced process solutions segment and improve profitability, with anticipated positive effects on adjusted earnings per share and returns that are expected to exceed capital costs within five years. Schenck Process, located in Germany, specializes in bulk material handling and flow measurement solutions across multiple industries, including mining, food, and chemicals, and also offers dynamic balancing systems.
Major companies operating in the dynamic balancing system market are Siemens AG, Mitsubishi Heavy Industries Ltd., ABB Ltd., SKF AB, SCHENCK RoTec GmbH, Tokyo Seimitsu Co. Ltd., Wheelabrator Group, Haimer GmbH, E. ZOLLER GmbH & Co. KG, Cimat Ltd., Balance Systems S.r.l., CEMB S.p.A., Universal Balancing Ltd., Shanghai Jianping Dynamic Balancing Machine Manufacturing Co. Ltd., American Hofmann Corporation, VTM Group, TIRA GmbH, Kokusai Co. Ltd., SBS - Schmitt Industries Inc., BalanStar, LABORTECH s.r.o., DIAMECH 2000, Hofmann Maschinen- und Anlagenbau GmbH
North America was the largest region in the dynamic balancing system market in 2024. The regions covered in the dynamic balancing system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the dynamic balancing system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dynamic balancing system market consists of sales of single-plane dynamic balancing, two-plane dynamic balancing, active balancing systems, passive balancing systems, automatic dynamic balancing, gyroscopic balancing systems, adaptive balancing systems, and rotordynamic balancing. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dynamic Balancing System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dynamic balancing system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dynamic balancing system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dynamic balancing system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.